Donaldson Company, Inc.: No Major Surprises in Donaldson’s Fiscal Q4 Earnings; Maintaining FVE

Summary

Donaldson is a leading manufacturer of filtration systems and replacement parts (including air filtration systems, liquid filtration systems, and dust, fume, and mist collectors). The company serves a diverse range of end markets, including construction, mining, agriculture, truck, and industrial. Its business is organized into two segments: engine products and industrial products. Donaldson generated approximately $3.3 billion in revenue and $444 million in operating income in its fiscal 2022.

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